No, today they increase block size, tomorrow they increase total amount of bitcoins, actually they've already promised . We must stop these sneaks and not allow to increase block size by any means necessary.

lolactually its the blockstream crew that want to increase the units of measure.. as part of their LN strategy of millisatoshi's.look beyond what has been spoonfed to you and research

You don't understand the concept behind LN and Segwit, or intentionally trying to mislead others...

You don't understand the concept behind LN and Segwit, or intentionally trying to mislead others...

you dont understand it

segwit takes out bytes from tx data (the signature is moved), this is a temporary one time 'gesture' and only increases tx count if people move funds and use segwit keys.

but later more bytes are added to tx data.

have you even looked at how many extra bytes are needed for:CLTVCSVConfidential commitments

go find that out.

ill give you a hint confidential commitments are said to be (by blockstream devs themselves) around a kilobyte.yep they want to bloat an average tx of 450bytes to be near 1.5kb for the same 2input 2output tx

like i said.segwit temporarily makes an average 450tx 'look like' ~230bytes being counted in the base block with the rest in the 'witness area'(still totalling 450byte TRANSMITTED)

but then LN has their features. which increase the base block txdata ABOVE ~230 (thus reducing possible tx's in the base block again)

and other blockstream features add on, will add about a kilobyte.. (once confidential payments and other features is added)

go research

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Satoshi put limit in 1 mb not just for fun. He was a wise man. We must not increase this value. SegWit and Lightning is only possible way to evolve. Fuck this dough head Roger Ver

Satoshi did not set this limit in stone.Let me quotesatoshi (from October 4, 2010) for you:

Quote

It can be phased in, like:

if (blocknumber > 115000) maxblocksize = largerlimit

It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete.

When we're near the cutoff block number, I can put an alert to old versions to make sure they know they have to upgrade.

This was more than 6 years ago, and full blocks have been limiting transactions for approximately a year.

Ontopic: at current growth, Blockchain is no limitation for a modern hard drive. Disk space increases exponentially, Blockchain only has linear growth. Even if blocks would get bigger, disk space can keep up for the coming years.That being said, my current laptop will run out of space in about a year. I might upgrade, or prune by then.

ok imagine this is a ~450bye tx*********************************************

inputsignatureoutput

each star represents 10bytes for easy display

if you done the same tx but using segwit p2wpkh keys, the transaction looks like this*********************************************

one thing that will blow your mind. the blue and red stars(bytes) are still transmitted physically. but at code interpretation level they are not 'counted' as going towards what goes into the base block.

but because at code level an opcode is used to flag old nodes to ignore data after purple. making it look like an anyonecanspend

the other stars (blue, red) are only looked at by new nodes. old nodes see:********************************************* grey is ignorednew nodes see:*********************************************

while unconfirmedold nodes wont morally relay or add a segwit tx and instead drop it. however a malicious actor can tweak their code to relay/force it into a oldblock. (hence why wpkh wallet key generation is not released pre activation to avoid malicious attacks)

after feature activation,because only purple stars are counted (yet more stars are actually transmitted). this trick can allow more transactions into the base blockbecause they have room for 100,000stars (1mb)

so where say 2222tx's was 100k(1mb) stars. if everyone used segwit keys. becomes ~50k stars(~50%), giving ~50k(~50%) spare room in the block for more transactionsbut remember the blue and red is still real data but just not 'counted' by the baseblock

this allows ~5000tx's(depending on ins and out and how many people use segwit keys) into the baseblock but the reality is the actual data transmitted is 2mb even with the baseblock still limited to 1mb

P.S whats said above should be interpretted by the concept. i used rough numbers for demo purposes. dont get knitpicky about the numbers. just learn then concept of HOW the switch around is used and HOW things are 'counted' or 'ignored' by nodes.. and HOW it differs to actual data transmitted

then look at the extra bytes added later when extra features are added.. and have a nice day

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Still not an issue regardless if we go up a meg or two in block size. 2tb hard drives are $36 manufacturer refurbished. Archive drives are cheap and becoming more popular. 8tb is $230, that's a lot of block chain and by the time anyone would need that much expect the price to be much lower.

I don't think the blockchain size will become an actual problem with regards to hard drive size. But I think it might become a problem with regards to download speed.

People with poor data rate won't be able to ever downlaod the chain completely because its growing too fast. This will lead to a decrease in number of full nodes. The HDD isn't the bottleneck with this.

I don't think the blockchain size will become an actual problem with regards to hard drive size. But I think it might become a problem with regards to download speed.

People with poor data rate won't be able to ever downlaod the chain completely because its growing too fast. This will lead to a decrease in number of full nodes. The HDD isn't the bottleneck with this.

fewer full nodes in remote areas won't be too much of a problem as long as the number keeps increasing in total.

I have confidence that solutions will be found in the future for problems we're beginning to expect now. Look at how quickly hard drives/solid state drives are progressing. These days you can get a 128 GB USB 3.0 for $25, so if nothing else changes to make blockchain more efficient (which is unlikely), developments in hard drive capacity should keep up.

I don't think the blockchain size will become an actual problem with regards to hard drive size. But I think it might become a problem with regards to download speed.

People with poor data rate won't be able to ever downlaod the chain completely because its growing too fast. This will lead to a decrease in number of full nodes. The HDD isn't the bottleneck with this.

fewer full nodes in remote areas won't be too much of a problem as long as the number keeps increasing in total.

also telecommunications company both landline and cellular have a five year plan. its called Fibre cable, and 5G cellular.

so by the time we get to 8mb (in years!) the speed of internet for average users will be much better than today.after all we are not using dialup like 20 years ago.

ill emphasise it again

getting to 8mb in years.. not 1gb by midnight.be rational, think logical, research realistically

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I don't think the blockchain size will become an actual problem with regards to hard drive size. But I think it might become a problem with regards to download speed.

People with poor data rate won't be able to ever downlaod the chain completely because its growing too fast. This will lead to a decrease in number of full nodes. The HDD isn't the bottleneck with this.

fewer full nodes in remote areas won't be too much of a problem as long as the number keeps increasing in total.

the solution.dont have 100connections..reduce the connections= reduce the data needed to upload.especially dont connect to nodes that are not near/already synced.. thats the main trick.

to emphasise this point..if 75 nodes had 75 connections 5625nodes would get the data in 1 relay.so anything over 80 is overkill/not required.

i can safely assume atleast 75 people have good internet. so not all 5600 nodes need to upload to that many. as the recipient probably already got the data via someone elses node. so if bandwidth is an issue.. bring your connections down. dont act like a 'supernode' if you are only an average node.

this is also why blockstream are doing their 'fibre' (supernodes) so that they get the data out in one relay so that other nodes dont have to do all the work.. which means you can happily play '6 degrees of separation' with 6connections(48gb) just to relay tx data and blocks so the nod can get second opinions from other sources.

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Is it likely, that in few decade or centuries, blockchain size will be to big to be kept in any hardware node?

thanks

Excellent point! We MUST act now so that Bitcoin's blockchain will be robust centuries down the road. We MUST stop this small-size blockchain madness here and now else we're all doomed. At least that's what I would pen if I were participating in a paid sig campaign so to up my post count.

update of my previous post which had graphical description of growth..

here is blockstreams Sheep (in red) impression of what they want to tell the world will happen if blockstream doesnt start its commercial service"1gb blocks by midnight"

vs

my opinion (in blue) of onchain natural dynamic scaling over the next 33 years

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1- BTC blockchain is not growing exponentially but linearly (but is still growing) This still can be discussed as blocksize increases by time.2- BTC blockchain size shouldn't be an issue as storage capacity are high and will become even higher in future3- The main issue is block size which if it become bigger and bigger, will not be able to be downloaded quickly enough by all nodes if the connection speed of those nodes is not high enough

1- BTC blockchain is not growing exponentially but linearly (but is still growing) This still can be discussed as blocksize increases by time.2- BTC blockchain size shouldn't be an issue as storage capacity are high and will become even higher in future3- The main issue is block size which if it become bigger and bigger, will not be able to be downloaded quickly enough by all nodes if the connection speed of those nodes is not high enough

referring to 3

the last time i installed a full wallet the download of the zipped block chain archive was a short download, but the amount of time it took the wallet to import the archive was nearly as long as it would have been to just let the wallet sync via linear download

this is the only time is using bitcoin when there is a huge issue because the the size. i think it is just going to get to the point when fewer and fewer people choose that type of wallet. someone intentionally setting up a full node will have to deal with it

1- BTC blockchain is not growing exponentially but linearly (but is still growing) This still can be discussed as blocksize increases by time.2- BTC blockchain size shouldn't be an issue as storage capacity are high and will become even higher in future3- The main issue is block size which if it become bigger and bigger, will not be able to be downloaded quickly enough by all nodes if the connection speed of those nodes is not high enough

referring to 3

the last time i installed a full wallet the download of the zipped block chain archive was a short download, but the amount of time it took the wallet to import the archive was nearly as long as it would have been to just let the wallet sync via linear download

this is the only time is using bitcoin when there is a huge issue because the the size. i think it is just going to get to the point when fewer and fewer people choose that type of wallet. someone intentionally setting up a full node will have to deal with it

referring to your frustration of setting up a full node.

the reason your frustrated and many people are. is that while its setting up its not really 'usable' straight away, you cant see current balance and cant really spend anything until its synced..

right, thats the main frustration.

this can be solved so easily.

if the devs just got their implementation to not sync first then check unspents(utxo) second.. but instead grabbed some litewallet code that grabs unspent's data from other nodes first. and then done syncing second. the syncing then becomes just a background/unnoticeable thing. while the node is actually functional straight away.

bam!. easy to code, lets users just get on with using bitcoin straight away. problem solved

EG emulate electrum or other litewallets as soon as you open the node. then syncing is not a critical, thumb twiddling wait. its just a background function users dont realise is happening, because they are no longer forced to wait until synced before properly using it

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the issue is that we are still in the early days of bitcoin so we are still at the bottom section of the S-curve, so it appears like its exponential

only problem is that growth has been halted to not see the bigger picture

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